Citigroup (C)

Citigroup will pay all income taxes to all taxing jurisdictions on total Citigroup compensation paid during your expatriate assignment.  During this same period, Citigroup will deduct hypothetical taxes from your expatriate salary each month.  You are also responsible for hypothetical tax on any Citigroup equity income during your assignment (e.g., stock option exercise gains and the value of stock awards at vesting).  Hypothetical taxes, calculated on your Citigroup compensation, are based on United States income tax.  You will be responsible for all actual taxes due on any non-Citigroup income, but you may be entitled to claim a limited right to tax protection for such income, as more fully explained in the applicable Expatriate Handbook.

The benefits described in the Expatriate Handbook and summarized elsewhere herein, for which you may be eligible as a participant in the expatriate program, including the tax equalization policy, will at all times be subject to the terms of the expatriate program then in effect.  These benefits are broadly designed to limit as far as reasonably possible your out-of-pocket costs for certain living expenses, including income taxes, to what you would have paid had you been an employee under local terms and conditions in your compensation country.  To ensure the fair and equitable administration of these policies, you agree to assume the following responsibilities:

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Citigroup will pay all income taxes to all taxing jurisdictions on total Citigroup compensation paid during your expatriate assignment.  During this same period, Citigroup will deduct hypothetical taxes from your expatriate salary each month.  You are also responsible for hypothetical tax on any Citigroup equity income during your assignment (e.g., stock option exercise gains and the value of stock awards at vesting).  Hypothetical taxes, calculated on your Citigroup compensation, are based on United States income tax.  You will be responsible for all actual taxes due on any non-Citigroup income, but you may be entitled to claim a limited right to tax protection for such income, as more fully explained in the applicable Expatriate Handbook.

The benefits described in the Expatriate Handbook and summarized elsewhere herein, for which you may be eligible as a participant in the expatriate program, including the tax equalization policy, will at all times be subject to the terms of the expatriate program then in effect.  These benefits are broadly designed to limit as far as reasonably possible your out-of-pocket costs for certain living expenses, including income taxes, to what you would have paid had you been an employee under local terms and conditions in your compensation country.  To ensure the fair and equitable administration of these policies, you agree to assume the following responsibilities:

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